The Probability That the Information Circulated by a Company Will

question 24

Multiple Choice

The probability that the information circulated by a company will be false or misleading is referred to as:

• A)business risk.
• B)information risk.
• C)assurance risk.
• D)audit risk.

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Definitions:

Paper Payable

A financial instrument or document that promises the payment of a specific amount of money either on demand or at a specified future date.

"On Demand"

Refers to the immediate availability or access to products, services, or financial transactions upon request.

Writing

The act of marking coherent words on a surface to communicate information, or the physical record of such words.

Negotiable

indicates that a financial instrument or document can be transferred from one party to another, often by endorsement or delivery, altering the holder in due course.